[Breaking News] President Yoon "Considers Car Usage Restrictions... Keeping in Mind the Worst Case in the Middle East"
President Yoon has called for early measures including car usage restrictions to conserve energy amidst escalating tensions in the Middle East.
On October 17, President Yoon Suk-yeol addressed the National Assembly, urging the implementation of various energy conservation measures such as restricting car usage to five or ten days a month. He emphasized the need for urgent action as the situation in the Middle East escalates beyond initial expectations, which raises concerns about the stability of oil prices and the impact on the general public's livelihood.
The president highlighted that while oil prices had recently calmed, the current trajectory indicated a potential return to instability, which could have widespread adverse effects on the economy. He stressed the importance of preparing for a prolonged crisis and suggested that measures be based on the worst-case scenario. Yoon noted the successful procurement of additional oil from the United Arab Emirates (UAE) and asserted the necessity of utilizing full diplomatic capabilities to secure further supply stability.
In light of the upcoming challenges, President Yoon also indicated that public cooperation would be crucial, suggesting possible measures such as export controls and an increase in the operation of nuclear power plants. These statements reflect his administration's proactive approach toward addressing energy concerns amid international tensions, aiming to ensure national resilience against potential economic shocks stemming from foreign instability.